Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.160%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$350as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3233.234% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.160%, 7d avg −0.127%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06870	0.0100	pay 0.0050% / 4h	1h 59m	$6.2M	$1.1M	20x
Short	Gate H_USDT	0.06859	0.0100	get 0.0050% / 4h	1h 59m	$2.8M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.127%: −$3.33
Slippage, 4 orders: −$304.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$326.7
Costs to cover: 3.234%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.73 bp	9.4 bp −$9	57.1 bp −$571	118.9 bp −$11.9K	483.1 bp −$241.6K
Sell Gate live order book, 4 min ago	4.36 bp	194.6 bp −$195	doesn't fit	doesn't fit	doesn't fit

H on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.025%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0075%	4h	0.06869	−0.015%	$585K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06868	−0.023%	$114K	$48K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06872	+0.029%	$14.8M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06860	−0.146%	$7.5M	$4.5M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06868	−0.029%	$1.7M	$5.7M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06859	−0.160%	$2.8M	$1.8M	10x
MEXC H_USDTlong	+0.0100%	4h	0.06870	long leg	$6.2M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06863	−0.102%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06850	−0.291%	$1.7M	$456K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06849	−0.306%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06882	+0.178%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06890	+0.297%	$1.1M	$469K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06869	−0.017%	$11K	$107K	5x	as long as short